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Obama plan is an incentive to hire fewer workers
Obama claims his economic plan begins with the word “J-O-B-S” but fails to explain how raising taxes on small business owners (the nations primary employers) will create jobs. Democratic Senate Finance Chairman Max Baucus said: “small businesses will receive 80 percent of the tax relief associated with reducing the top income tax rates of 36 percent to 33 percent and 39.6 percent to 35 percent… Experts agree that lower taxes increase a business' cash flow, which helps with liquidity constraints during an economic slowdown and could increase the demand for investment and labor." MORE.
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